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☆ NHL roundup: William Nylander's OT goal lifts Leafs past Wild
▼ + stars: | 2023-02-25 | by ( ) www.reuters.com time to read: +4 min

Mandatory Credit: Dan Hamilton-USA TODAY SportsFebruary 25 - William Nylander scored at 1:05 of overtime and the Toronto Maple Leafs defeated the visiting Minnesota Wild 2-1 on Friday night. David Kampf also scored for the Maple Leafs, who have won two in a row. Brandon Duhaime scored for the Wild, who had won their fourth straight game 2-0 on Thursday against the Columbus Blue Jackets. Canadiens 5, Flyers 2Jesse Ylonen had one goal and one assist to lift Montreal past host Philadelphia. Compher and Nathan MacKinnon each had a goal and an assist for visiting Colorado in a win over Winnipeg.

"It's going to take more effort on the part of the Fed to get inflation on that sustainable downward path to 2%." She is among the minority of Fed policymakers who back in December thought they would need to lift the policy rate to 5.4% to stop inflation, while most believed 5.1% would suffice. Similarly none of the other Fed policymakers who spoke Friday, including the normally hawkish Governor Christopher Waller and St. Louis Fed President James Bullard, focused on the fresh inflation data to argue for a more muscular Fed response, though all continued to signal more rate hikes would be required. And traders largely erased what had been consistent bets on Fed rate cuts towards the end of the year, pricing in a year-end Fed policy rate of 5.26%. "It looks like the Fed will have to be more aggressive," said Yelena Shulyatyeva, an economist at BNP Paribas.

☆ Speculative bets are cool again and Reddit's army of retail investors is partying like it's 2021
▼ + stars: | 2023-02-23 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

And yet, despite the dip this week, markets right now are brimming with bullishness — and Reddit-loving retail investors are partying like it's 2021. Retail investors are rebuffing Jerome Powell in piling into speculative assets. Remember, at the start of the pandemic, government stimulus and near-zero interest rates gave retail investors the perfect opportunity to lay down speculative bets. "With all of these headwinds, retail investors are jumping in on maybe some ill-conceived optimism," Goldman said. But economic data be damned, retail investors are still piling into the riskiest corners of the market.

NEW YORK, Feb 22 (Reuters) - The creator of a marketplace for National Basketball Association Top Shot non-fungible tokens must face a lawsuit claiming that the tokens are securities, a U.S. judge ruled on Wednesday. U.S. District Judge Victor Marrero in Manhattan rejected Dapper Labs Inc's bid to dismiss a proposed class action by purchasers of NBA Top Shot Moments, which are digital video clips of NBA game highlights. The lawsuit said Dapper should have registered the NFTs as securities because their value was tied to the success of Dapper's blockchain. It says there are more than 1.5 million users of NBA Top Shot, with sales exceeding $1 billion. The case is Friel v. Dapper Labs Inc et al, U.S. District Court, Southern District of New York, No.

☆ Falling behind on federal student loans can lead to other major financial problems
▼ + stars: | 2023-02-22 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

Falling behind on federal student loans is likely to trigger other major financial consequences for borrowers, according to new research by The Pew Charitable Trusts. More than 80% of borrowers who experienced default stated that they'd faced at least one additional consequence as a result. The most common impact was a drop in their credit score (62%) followed by being subject to collection fees (47%) and losing eligibility for future federal financial aid (37%). Other consequences that followed from a default on federal student loans included wage garnishment, the suspension of professional licenses and having Social Security or tax refunds offset. Most recently, U.S. Department of Education Undersecretary James Kvaal said that if the government isn't allowed to carry out its sweeping student loan forgiveness plan, there could be a "historically large increase in the amount of federal student loan delinquency and defaults as a result of the Covid-19 pandemic."

Woolworths and smaller rival Coles Group Ltd (COL.AX) have experienced wild swings in Australian consumer behaviour since COVID-19 lockdowns in 2020 sparked grocery stockpiling. As with Coles' interim result reported on Tuesday, the Woolworths profit gain was helped by a sharp decline in COVID-19 related expenses. Woolworths shares were up 2% by midsession, against a 0.3% dip in the broader benchmark(.AXJO), as analysts cheered the prospect of profit margin growth at a company exposed to rising supply costs. "Momentum in the key Australian Food business remains solid, with sales growth rates better than expected in early 2H23," E&P Financial retail analyst said Phillip Kimber in a client note. Woolworths declared an interim dividend of 46 Australian cents per share, compared with 39 Australian cents a year earlier.

☆ NHL Roundup: Canes rout Caps in Stadium Series
▼ + stars: | 2023-02-19 | by ( ) www.reuters.com time to read: +9 min

Josh Brown and Travis Boyd each had a goal and an assist, and Christian Fischer also scored. Arizona has earned points in eight straight games (4-0-4) for the first time in 11 years. Corey Perry and Vladislav Namestnikov each had a goal and an assist, and Steven Stamkos and Pierre-Edouard Bellemare also scored goals for Tampa Bay. Columbus' Mathieu Olivier collected a goal and two assists, Eric Robinson had one of each and Liam Foudy scored his first career NHL regular-season goal. Joonas Korpisalo turned aside 28 shots for the Blue Jackets, while forward Johnny Gaudreau sat out because of a lower-body injury, ending his streak of playing in 349 straight games.

☆ CBO Director Phillip Swagel: There's broad consensus in Congress to tackle budget concerns
▼ + stars: | 2023-02-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCBO Director Phillip Swagel: There's broad consensus in Congress to tackle budget concernsPhill Swagel, the director of The Nonpartisan Congressional Budget Office, joins 'Squawk Box' to discuss the Congressional Budget Office's debt warning, the potential for the U.S. to default on its debt, and rising interest payments challenging the U.S. budget window.

☆ U.S. will default this summer unless Congress raises debt limit, CBO warns
▼ + stars: | 2023-02-15 | by ( Christina Wilkie | ) www.cnbc.com time to read: +2 min

WASHINGTON — The United States Treasury will exhaust its emergency measures to prevent a debt default sometime between July and September unless Congress raises the $31.4 trillion debt limit, the Congressional Budget Office projected Wednesday. The latest projection notes that the final date will be determined by tax revenues the IRS receives in April. Should those measures be exhausted before President Joe Biden can sign off on a new debt limit passed by Congress, "the government would have to delay making payments for some activities, default on its debt obligations, or both," said Swagel. A large bloc of Republicans in the House have demanded Congress pass drastic cuts to federal spending before they will agree to vote to raise the debt limit, effectively using their leverage within the GOP to force their priorities to the front of the line. Republicans argue that the debt limit and annual federal spending are inextricably linked, the same way household debt is a product of household spending.

"If the debt limit is not raised or suspended before the extraordinary measures are exhausted, the government would be unable to pay its obligations fully," the CBO report said. "As a result, the government would have to delay making payments for some activities, default on its debt obligations, or both." CBO Director Phillip Swagel attributed the rise to higher interest rates that particularly are hitting the housing industry, coupled with slowing business investment. REUTERS/Elizabeth FrantzRepublicans, who control the House of Representatives, want to withhold a debt limit increase until Democrats agree to deep spending cuts. Democrats in turn say the debt limit should not be "held hostage" to Republican tactics over federal spending.

☆ NHL roundup: Tim Stutzle helps Senators rally past Flames
▼ + stars: | 2023-02-14 | by ( ) www.reuters.com time to read: +3 min

February 14 - Tim Stutzle scored 1:55 into overtime to cap off a four-point night and give the Ottawa Senators a 4-3 comeback win over the visiting Calgary Flames on Monday. Stutzle had assists on all three of the Senators' earlier goals, and the forward matched a personal best with four points in a game. The Flames are 12-9-11 in one-goal games this season, with the 20 combined one-goal losses leading the NHL. Roman Josi and Colton Sissons scored goals for the Predators, who lost for the second time in their last three games. Sheldon Dries replied for the Canucks, who have just one win in their past five games (1-3-1).

☆ Outlook for Singapore banks remains positive, analyst says
▼ + stars: | 2023-02-13 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOutlook for Singapore banks remains positive, analyst saysPaul Chew of Phillip Securities Research discusses DBS Group Holdings' fourth-quarter earnings, and how banks in Singapore will benefit from higher interest rates.

☆ We expect one or two more small rate hikes before the Fed pauses, says investment management firm
▼ + stars: | 2023-02-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe expect one or two more small rate hikes before the Fed pauses, says investment management firmPhillip Wool of Rayliant Global Advisors says U.S. Federal Reserve Chair Jerome Powell's suggestion that he would like to keep monetary policy restrictive for a little longer can be taken at "face value."

☆ A former sales director will get more than $86,000 after his boss allegedly said he didn't want a team of 'bald-headed 50-year-old men' who were a 'mirror image' of himself
▼ + stars: | 2023-02-13 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

A former UK sales director will get more than $86,000 after alleging wrongful dismissal and age discrimination. Mark Jones, now in his 60s, claims his former boss said, "I don't want a team of bald-headed 50-year-old men." Jones says he was later put on a "sham" performance improvement plan that led to him resigning last year. Mark Jones was a sales director at UK-based cell phone company Tango Networks. "I don't want a team of bald-headed 50-year-old men — I want to change the dynamics," Hesketh allegedly said.

☆ NHL roundup: Devils blow lead, top Canucks in OT
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +4 min

Bratt, stationed in the right faceoff circle, took a no-look pass from Jack Hughes and fired a shot well beyond the glove of Canucks goalie Collin Delia. Hughes and Ondrej Palat had two goals apiece for the Devils, who scored three goals in a 50-second span midway through the second period. The Ducks scored their goals 1:26 apart in the third period to tie the score. Silfverberg tipped in a point shot from Kevin Shattenkirk to cut the lead to 2-1 at 11:04. Karel Vejmelka stopped 33 shots for the win as Arizona improved to 3-1-1 in its past five games.

☆ From Nike to Nutella: Company names you have probably been mispronouncing your whole life
▼ + stars: | 2023-02-06 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +6 min

Global company names often get Anglicized or Americanized to the point where they're unrecognizable, but brands could see some benefits if their names are pronounced correctly. Allianz: al-ee-anz"Allianz " is, perhaps unsurprisingly, the German word for "alliance." It isn't pronounced like the ancient Greek herald of the gods, Hermes, unlike the U.K. delivery company of similar spelling. Moët & Chandon: mow-et ey shon-donIn contrast to typical French pronunciation, there is a hard "T" sound at the end of "Moët." Heuer is the last name of the company's founder, Edouard Heuer.

☆ Aristocratic British family whose ancestors owned 1,000 slaves to apologize and pay $120,000 to reparations fund
▼ + stars: | 2023-02-05 | by ( Bethany Dawson | ) www.businessinsider.com time to read: +2 min

A wealthy UK family is to pay reparations to Grenada, where their ancestors once owned 1,000 slaves. The Trevelyan family owned six sugar plantations in Grenada. They plan to pay reparations to the descendants of slaves. Should my family pay reparations to the people of Grenada because we had owned slaves here? The Trevelyan family received £26,898 at the time — the equivalent of nearly £3m ($3.6 million), per The Guardian.

SINGAPORE, Jan 31, (Reuters) - Like many rich Chinese, graduate student Zayn Zhang thinks Singapore could be ideal to park his family's wealth. His family might establish a Singapore family office to manage its wealth in the future, he added. Well-known Singapore family offices include those set up by James Dyson of vacuum cleaner fame, hedge fund manager Ray Dalio and Zhang Yong, founder of China's Haidilao hotpot restaurant chain. Though fresher statistics are not available, those involved in the industry said interest in family offices picked up in 2022 and is expected to continue unabated this year. While some are setting up family offices, others are setting up business headquarters in Singapore or investing in funds domiciled in Singapore, she said.

☆ 13 things Airbnb hosts wish their guests would stop doing
▼ + stars: | 2023-01-29 | by ( Gabbi Shaw | ) www.businessinsider.com time to read: +8 min

Airbnb hosts don't communicate with guests outside of answering questions and leaving reviews. So Insider asked hosts what they wish their guests would stop doing during their stays. Insider spoke to multiple Airbnb hosts and asked them the things they desperately wished that guests would stop doing at their listings. Please respect our properties so we can continue to allow you to bring your furry friends," Cohen told Insider. Forgetting to leave a ratingAs Insider reported previously, Airbnb hosts live and die by the website's ratings.

☆ NHL roundup: Panthers rally late, nip Bruins in OT
▼ + stars: | 2023-01-29 | by ( ) www.reuters.com time to read: +8 min

Barkov also assisted on Brandon Montour's goal, and Sam Bennett scored for the Panthers. Anders Lee also scored for New York, which won its second straight game and prevailed for just the third time in 13 games (3-7-3). Carrier scored the only goal for Vegas, which lost its fourth straight game (0-2-2) and fell for the seventh time in eight games (1-5-2). Jaret Anderson-Dolan and Phillip Danault scored goals for the Kings, whose three-game winning streak ended. Colorado forward Valeri Nichushkin sat out for the second straight game with an upper-body injury.

☆ Colorado bear takes hundreds of 'selfies' on wildlife camera trap
▼ + stars: | 2023-01-26 | by ( Annie Hill | ) www.nbcnews.com time to read: +1 min

A curious bear has become the surprise star of wildlife cameras set up in Boulder, Colorado, taking hundreds of "selfies" in an apparent impromptu photoshoot, local officials said. This particular bear, however, appeared to be captivated by the camera. "In this instance, a bear took a special interest in one of our wildlife cameras and took the opportunity to capture hundreds of 'selfies,'" Phillip Yates, a spokesperson for Open Space and Mountain Parks, said in a statement Thursday. The photo series, which appears to meditate on the ephemeral nature of life, has pioneered a bold new hybrid of self-portraiture and wildlife photography. While officials may not have expected photoshoots to be among those uses, Yates said the images captured by the wildlife cameras can also be used to help recommend measures to protect important natural areas.

☆ BofA Promoted 93 New MDs in Global Markets — Here Are the Names
▼ + stars: | 2023-01-26 | by ( Alex Morrell | ) www.businessinsider.com time to read: +2 min

Bank of America announced 93 new managing directors in Global Markets on Thursday. The division in 2022 saw sales and trading revenues climb to its highest mark since 2010.Insider has all the names of the newly promoted MDs. On Thursday the bank announced a new class of 360 managing directors, including 93 from the firm's Global Markets division — up from 86 last year. The bank's Global Corporate and Investment Bank promoted 87 new MDs. BofA made $16.5 billion in 2022 from sales and trading — including a fourth-quarter record of $3.7 billion — the highest tally for the firm since 2010.

☆ 12 things your Airbnb hosts wish they could tell you
▼ + stars: | 2023-01-26 | by ( Gabbi Shaw | ) www.businessinsider.com time to read: +9 min

But dealing with an Airbnb host, as opposed to a hotel concierge, can be tricky. We spoke to Airbnb hosts across the US — here are 12 things they wish they could tell all guests. Insider spoke to multiple Airbnb hosts and asked them what they wished they could tell their guests. First things first: Don't use Airbnb or similar services, like VRBO, if you don't have toMultiple Airbnb hosts told Insider they'd actually prefer leaving Airbnb out of the process altogether. Some hosts simply shouldn't be hosts — don't let that put you off Airbnb"The main reason people should get into this business is to provide exceptional service to guests.

☆ Delta CEO called last week's FAA outage 'unacceptable' and said the agency needs more funding
▼ + stars: | 2023-01-17 | by ( Taylor Rains | ) www.businessinsider.com time to read: +3 min

Air traffic was temporarily halted last week after an FAA system, known as Notice to Air Missions, crashed. Over 10,000 flights were delayed, but Delta Air Lines CEO Ed Bastian said he doesn't blame the agency. Senate Majority Leader Chuck Schumer is pushing to confirm President Joe Biden's pick for FAA Administrator. In a separate interview, American Airlines CEO Rob Isom told CNBC that there needs to be more investment in FAA technology. "With recent events, including airline troubles and last week's tech problem, this agency needs a leader confirmed by the Senate immediately."

☆ Trump called E. Jean Carroll's lawyer a 'political operative' and 'a disgrace' during a contentious deposition, and threatened to sue her
▼ + stars: | 2023-01-13 | by ( Ashley Collman | ) www.businessinsider.com time to read: +4 min

Portions of Trump's deposition in E. Jean Carroll's defamation suit were unsealed Friday. In it, he attacks Carroll's attorney, Roberta Kaplan, threatening to sue her personally. At another point in the deposition Trump referred to Kaplan as being friends with "Cuomo." Carroll's deposition currently has a trial date set for April 10, but it's unclear if it will make it that far. Carroll initially wasn't able to sue Trump for the alleged assault, because the statute of limitations had expired.

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